Yep, that’s the real sure way to make money in real estate — selling seminars about how to make money in real estate! Works in any market.
The sad part is that there is probably a lot of money to be made in a place like Vegas. Buy el turdo homes for $20K, give ’em the granite treatment and sell ’em to FHA buyers for $80K. Even better, tote the note if you’ve got the cash. A motivated individual could get a few of these going and pipeline them, would probably make a decent salary, maybe over $200K/year. Unfortunately it would also be a lot of hard work and you’d be stuck in el turdo Vegas. You’d be at risk of developing a drinking, gambling, or hooker problem too.
